Syllabus

Course Code: CC-11 IN-ECO-502    Course Name: Development Economics-I

MODULE NO / UNIT COURSE SYLLABUS CONTENTS OF MODULE NOTES
1 (i-a)
Growth and Development Meaning of Economic Growth and Development, Features of Developing and Developed Countries, Concepts of Development,
(i-b)
Measuring Economic Development: Income Measure, Physical Quality of Life Index (PQLI) and Human Development Index (HDI), Determinants and Obstacles to Economic Development
2 (ii-a)
Classical Theories of Economic Developmen Adam Smith: Role of Capital Accumulation, Division of Labour, Natural Law and Stage of Stationary State, Theory of Value; Ricardian Theory of Economic Development: Dynamic system of Ricardo, Theory of Rent and Grades of Land
(ii-b)
Schumpeter: Dynamic Process, Technology, Entrepreneur, Bank Credit; Karl Marx: The Materialistic Interpretation of History, The Theory of Surplus Value, Destruction of Capitalistic Process
3 (iii-a)
Sectoral Aspects of Development Role of Agriculture in Economic Development, Green Revolution, Problems of Agriculture Development;
(iii-b)
Rationale and Pattern of Industrialization in Developing Countries, Terms of Trade between Agriculture and Industry
4 (iv-a)
Economic Development and Human CapitalMan Power planning: Meaning, Objectives and Methodology of Man Power planning, Man Power Problems and Man Power Planning in LDCs
(iv-b)
Human Capital Formation and Policy Issues, Sustainable Development with special reference to India
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